Nayax Ltd. (NASDAQ:NYAX - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $68.05 and last traded at $68.05, with a volume of 16494 shares changing hands. The stock had previously closed at $66.61.
Analyst Upgrades and Downgrades
NYAX has been the topic of a number of analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of Nayax in a report on Thursday, January 22nd. Zacks Research upgraded shares of Nayax from a "strong sell" rating to a "hold" rating in a report on Monday, January 19th. Keefe, Bruyette & Woods raised their price objective on shares of Nayax from $52.00 to $60.00 and gave the company a "market perform" rating in a report on Tuesday, March 10th. Finally, William Blair restated an "outperform" rating on shares of Nayax in a report on Monday, March 9th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $51.67.
View Our Latest Research Report on Nayax
Nayax Price Performance
The company's 50 day moving average is $58.50 and its 200 day moving average is $52.46. The company has a current ratio of 2.26, a quick ratio of 2.16 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 71.63 and a beta of 0.10.
Nayax (NASDAQ:NYAX - Get Free Report) last announced its quarterly earnings results on Monday, March 9th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. Nayax had a net margin of 8.87% and a return on equity of 11.60%. The firm had revenue of $119.45 million for the quarter, compared to analyst estimates of $120.13 million. Research analysts anticipate that Nayax Ltd. will post 0.84 EPS for the current fiscal year.
Insider Buying and Selling at Nayax
In related news, insider Aaron Samuel Greenberg sold 1,002 shares of Nayax stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $63.94, for a total transaction of $64,067.88. Following the sale, the insider directly owned 25,753 shares in the company, valued at $1,646,646.82. This trade represents a 3.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sagit Manor sold 1,754 shares of Nayax stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $63.94, for a total transaction of $112,150.76. Following the sale, the chief financial officer owned 47,523 shares in the company, valued at $3,038,620.62. This represents a 3.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its position in Nayax by 210.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 590 shares of the company's stock worth $30,000 after purchasing an additional 400 shares during the last quarter. Osaic Holdings Inc. purchased a new position in Nayax during the 2nd quarter worth $33,000. Bank of America Corp DE grew its position in Nayax by 920.4% during the 4th quarter. Bank of America Corp DE now owns 1,500 shares of the company's stock worth $44,000 after purchasing an additional 1,353 shares during the last quarter. Smartleaf Asset Management LLC purchased a new position in Nayax during the 4th quarter worth $69,000. Finally, Alliancebernstein L.P. purchased a new position in Nayax during the 3rd quarter worth $128,000. 34.87% of the stock is owned by hedge funds and other institutional investors.
About Nayax
(
Get Free Report)
Nayax Ltd. is a global fintech company specializing in cashless payment solutions, telematics and management services for unattended retail environments. Founded in 2005 and headquartered in Israel, Nayax develops hardware and software platforms that enable vending machines, kiosks, laundromats, e-commerce and self-checkout points to accept a wide range of payment methods, including credit and debit cards, mobile wallets and contactless NFC transactions.
The company’s product portfolio comprises proprietary point-of-sale terminals—such as the VPOS and Carbon series—as well as a cloud-based management suite known as the Monyx platform.
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